Forex: EUR/JPY rises back to 128.00

FXstreet.com (Córdoba) - The euro managed to recover ground versus the yen at the beginning of the NY session, after falling to the 127.20 area in the wake of disappointing eurozone data. EUR/JPY found buyers at lows and rose back to the 128.00 zone, erasing completely its daily losses.

At time of writing, EUR/JPY is trading around 128.00, virtually unchanged since opening, with immediate resistances at 128.45 (daily high) and 128.60 (high Apr 29). On the downside, supports are seen at 127.20 (daily low) and 127.00 (psychological level).

Apr 30, 2013

Forex: GBP/USD finds support at 1.5475, back to test 1.5500 region

After being rejected by the 1.5515 intra-day high area, the GBP/USD traded lower to test the bottom of the current range at 1.5475 where the pair has found support and it has begun to rise again. At this moment, the cable is testing the 1.5500 area.

Forex: EUR/USD jumps back to highs on NY opening

The European morning drop, supported around 1.3070 (spike low at 1.3056), is being rapidly retraced on the New York opening as US investors get ready for May and the FOMC meeting. In little time, the EUR/USD jumped 50 pips to 1.3118, two pips from the daily high of 1.3120.